Question
Accounts payable decreased by $75,000 and accounts receivable increased by $75,000. What will be the net result in terms of cash flow? a) Cash increased
Accounts payable decreased by $75,000 and accounts receivable increased by $75,000. What will be the net result in terms of cash flow?
a) Cash increased by $50,000.
b) Cash decreased by $50,000.
c) Cash increased by $150,000.
d) Cash decreased by $150,000.
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Fundamentals Of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
1st Edition
0072992573, 9780072992571
